Malaysia legislation
Section 226
Section 226
Where no owner establishes a claim to any wreck which –
(a)
has been found in North Borneo, or found or taken possession of outside North
Borneo and brought into North Borneo; and
(b)
has been in the possession of the Receiver of Wreck for one month;
the Receiver of Wreck shall sell such wreck and shall pay into the general revenue the proceeds of the sale after deducting therefrom the expenses of sale and any other expenses incurred by and the fees payable to him, in respect thereof, and paying thereout to the salvors such amount of salvage as the Governor may, by special or general directions, specify.
Delivery of unclaimed wreck by Receiver not to prejudice title.